- Octopus Energy customers across the UK receive compensation for cutting energy usage.
- Customers moved almost 450MWh of energy consumption out of peak times.
Octopus Energy customers across the UK have received a share of £1 million for reducing their energy usage at peak hours.
This is part of the company’s energy saving scheme enabled by National Grid ESO’s ‘Demand Flexibility Service’, which allows households to get paid for shifting their energy usage out of peak times.
Octopus said more than a quarter of a million customers participated in each of the hour-long sessions.
It is estimated that households lowered the grid’s energy demand during each peak period by more than 100MW, the same amount a gas power station can produce in an hour.
Octopus Energy stated that, across all four sessions, customers moved almost 450MWh of energy consumption out of peak times; that’s enough energy to fully charge one smartphone per UK household.
Alex Schoch, Head of Flexibility at Octopus Energy Group, mentioned that “this money would have gone to businesses or dirty gas power plants to balance energy demand; instead, it’s helping people lower their energy bills this winter.”